Harbour Energy Share Discussion Threads

[big brother8] 16/3/2020 09:15

OMG MY GAWH

I AM BLUE . WTF IS HAPPENING.

BB MONEY MAKING TIPS. BUY LOW SELL HIGH.

IN BB8 WE TRUST

[big brother8] 16/3/2020 09:13

BB DOUBLE UP AT 13.35P. SOON TO BE IN PROFIT AGAIN.

BB8
IN BB8 WE TRUST.

[datait] 16/3/2020 09:10

oil plunging

[adg] 16/3/2020 09:05

Get over him Stan
Pathetic cretin
You need to let go - you may be a decent person underneath but you are acting like a needy love-spurned teenage girl

[stansmith3] 16/3/2020 08:51

where is this will be 140p soon onedb1?your followers need you

[datait] 16/3/2020 08:32

FILL YOUR BOOTS AND BIG KNICKERS

[binarypilot] 16/3/2020 08:32

FTSE sub 5000 now

[binarypilot] 16/3/2020 08:29

FTSE still tanking this will get dragged down....

Only mad mmen holding now.

[ak62] 16/3/2020 08:24

few more buys this be BLUE

[ak62] 16/3/2020 08:11

Hope all those who wanted to get in below 20p are now
in :-)

[runner2018] 16/3/2020 08:11

will be 30p this week, all scare mongering

[teamwork1] 16/3/2020 08:10

Didn't expect that much of a drop

[leoneobull] 16/3/2020 07:47

FT 2 hours agoAt just $36 for a barrel of Brent crude $32 for the US benchmark West Texas Intermediate, oil prices at the end of last week were back in real terms to the level of the early 1990s.The cheering message for investors and companies in the sector is that there are a range of countervailing forces that will ensure some measure of recovery over the next few weeks. The less good news is that a number of other factors will set a ceiling on any significant price rebound.On the upside, some production, particularly in the US shale business, is uneconomic if prices are below $40 a barrel and can be capped relatively quickly. The International Energy Agency has already predicted a fall of more than 600,000 barrels a day through the rest of this year and that could well increase given the financial difficulties facing a number of operatorsWhen the fall in shale output starts to occur, the prospects for a new quota arrangement between the oil-exporting countries - Opec plus external states such as Russia, Brazil and Mexico - to take more oil off the market will improve. Regardless of the noise and theatre since Opec's meeting earlier this month, every single one of the countries involved - not least Saudi Arabia, despite its dramatic move in increasing production - has an interest in getting prices up again.According to one estimate published last week, all the major producers face serious budget deficits at current prices. Many are already indebted. A new Opec quota will have to involve a substantial cut - at least comparable to the fall in Chinese demand.That brings us to China. Current demand from the country is certainly down, perhaps by as much as by 1.8m b/d, according to the IEA's estimate, contributing to a global fall in demand of 2.5m b/d from that previously predicted for the first quarter.Opec's current estimate of global demand for the whole year is down just over 900,000 b/d on previous forecasts. That sounds a lot but is still less than 1 per cent of total global consumption and, crucially, suggests that despite the economic damage done by the virus, oil demand will end up higher this year than in 2019.The downturn we are seeing is a temporary rather than a permanent contraction. In the areas of China worst affected by coronavirus, the epidemic appears to have passed its peak and soon the Chinese will go back to work. Oil consumption should return to pre-crisis levels, with imports of 10m b/d or more.Finally, governments are already producing stimulus packages. The US Congress is debating the content of one and the EU agreed a €25bn stimulus last week. The scale of the Chinese response remains uncertain but the $500bn of spending used to offset the impact of the 2008 financial crash could provide a yardstick.The question is, how far will the bounceback in the oil market go? With a further cut of perhaps 1.5m b/d by Opec, and some support from outside the cartel - perhaps including Russia and a cap on US shale production - we could get to $45 or $50 by the end of the year, or sooner.The market is very volatile and the price fall has been due to speculation rather than fundamentals. The drop may have been almost 50 per cent since the start of the year, but on the IEA's expected numbers for the first quarter, actual demand for oil is down by less than 3 per cent.The ceiling on price is set by the overhang of potential supply. Given the need for revenue, there is a great temptation for Opec members to breach their quotas and sell more. In addition, any one of the exporting countries now effectively out of the market because of sanctions or conflict (Iran, Venezuela or Libya) could come back if the immediate crisis triggers political change. Most important of all, the US shale producers living on debt will have every incentive to restore production as soon as prices begin to edge up. There will be a bounce, but the ceiling could be quite low.The two conclusions from all this are, first, that prices revert to the fundamentals regardless of speculation; and second, that Opec countries and other producers face a long period when they can only influence prices by sacrificing their own production volumes.There is more potential supply than effective demand, for oil and for energy in general. We live in an age of plenty and companies and investors have to become accustomed to surplus capacity and price deflation.

[milliecusto] 16/3/2020 07:16

Penny stock this week

[leoneobull] 16/3/2020 06:44

https://oilprice.com/Energy/Energy-General/Saudi-Arabias-Oil-War-Could-Bankrupt-The-Kingdom.html

[adg] 15/3/2020 23:29

I know I don’t and I’m not

[andypop1] 15/3/2020 23:21

So no words of wisdom from little brother, just a blistered hand.

adg, you don't have to justify yourself to me.

Good luck all.

[andypop1] 15/3/2020 22:43

Little brother,
Any words of wisdom for your disciples given Brent is down 7%?
When I said you would be gone by Wednesday I was probably being generous.
Good luck.

[andypop1] 15/3/2020 22:22

If the Fed cuts rates twice in a matter of weeks on unscheduled dates you know the global economy is in trouble.
If the global economy is in trouble so are oil producers.
The Coronavirus has been dismissed by many on here with some claiming to be GPs even suggesting it was just media hype, fake news, it isn't.
The Federal bank is above fake news so have taken the unprecedented step to protect the foreseen downturn in the US economy.
Does big Tone honestly believe buying likely loss making assets in this environment is in the best interest of all stakeholders?
Oil is tanking, rightly so, meaning PMO will likely open below the nominal share price, can a company raise cash for equity below the par value?

adg,
I hope your wife's daughter is ok, why not take advantage of the situation and tell her how much you are down on your stupid gamble on PMO while you have the Atlantic between you?
If you told her while you were together in self isolation you could end up being the first confirmed indirect death from the Coronavirus.